Neuberger Berman Invests $200M in Ripple’s Prime Platform Expansion
Blockchain payments company Ripple has secured a significant $200 million investment from Neuberger Berman, a major global investment management firm, according to an announcement made on Monday. The capital infusion is earmarked specifically for scaling Ripple Prime, the company’s institutional trading and settlement platform. This investment comes at a pivotal moment for Ripple Prime, which has demonstrated remarkable financial performance over the past twelve months. The platform’s revenue has surged threefold since Ripple’s acquisition of the service for $1.25 billion just a year ago, signaling strong market demand for institutional-grade crypto infrastructure. Ripple Prime provides qualified institutions with access to digital asset liquidity, custody solutions, and streamlined settlement services across multiple cryptocurrencies. The platform’s rapid revenue growth suggests that traditional financial institutions are increasingly comfortable engaging with cryptocurrency markets through regulated, enterprise-focused solutions. Neuberger Berman’s substantial commitment reflects growing institutional confidence in Ripple’s business model beyond its core XRP Ledger operations. The investment also positions Ripple Prime to potentially compete more aggressively with other institutional crypto platforms like Coinbase Prime and BitGo. As regulatory frameworks for digital assets continue to mature globally, the expansion of Ripple Prime could accelerate institutional adoption. Market observers will be watching whether this momentum translates into broader partnerships with traditional financial institutions seeking crypto exposure.
Source: CoinDesk | This article has been independently rewritten by Block Digest. Original reporting credit to the source.
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